The performance of the Australian market remains heavily dependant on what the US consumer does – specifically whether or not Americans can pay their mortgage.
Private equity funds
Costello still good for a private equiteer laugh amidst the gloom
With 10-year bond yields dipping back under 5% last night, Wesfarmers might prove lucky with its timing in taking over Coles just when the private equiteers found money a little harder to come by
Is the private-equity party about to be closed down?
Anyone familiar with the classic Tom Wolfe novel, The Bonfire of the Vanities, would have a sense of déjà vu working in US financial markets at the moment.
